HighTower Advisors LLC Makes New $145,000 Investment in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

HighTower Advisors LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) during the third quarter, HoldingsChannel reports. The firm bought 15,061 shares of the investment management company’s stock, valued at approximately $145,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC lifted its stake in Blackrock Resources & Commodities Strategy Trust by 1.9% during the 2nd quarter. Private Advisor Group LLC now owns 88,941 shares of the investment management company’s stock valued at $817,000 after acquiring an additional 1,631 shares during the period. Raymond James & Associates grew its stake in shares of Blackrock Resources & Commodities Strategy Trust by 0.4% during the 3rd quarter. Raymond James & Associates now owns 415,390 shares of the investment management company’s stock valued at $3,988,000 after purchasing an additional 1,633 shares during the period. Blue Bell Private Wealth Management LLC raised its position in Blackrock Resources & Commodities Strategy Trust by 13.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 25,972 shares of the investment management company’s stock worth $239,000 after acquiring an additional 3,119 shares during the period. Raymond James Trust N.A. grew its holdings in Blackrock Resources & Commodities Strategy Trust by 18.8% during the second quarter. Raymond James Trust N.A. now owns 20,782 shares of the investment management company’s stock valued at $191,000 after purchasing an additional 3,296 shares during the period. Finally, Sigma Planning Corp purchased a new stake in Blackrock Resources & Commodities Strategy Trust in the 3rd quarter worth approximately $104,000.

Blackrock Resources & Commodities Strategy Trust Stock Performance

Shares of Blackrock Resources & Commodities Strategy Trust stock opened at $8.67 on Thursday. The stock’s 50-day simple moving average is $9.26 and its 200-day simple moving average is $9.23. Blackrock Resources & Commodities Strategy Trust has a 52 week low of $8.25 and a 52 week high of $9.74.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were issued a $0.0697 dividend. This represents a $0.84 annualized dividend and a dividend yield of 9.65%. The ex-dividend date was Monday, December 16th.

Blackrock Resources & Commodities Strategy Trust Profile

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.